The Seattle-based company has been struggling to find additionalfinancing since April when it announced a $2 million round offinancing led by Loeb Partners and Insignia Financial Group, bothbased in New York. Elie Feingold, who founded the company in 1998,tells GlobeSt.com that the company got tripped up by August, anotoriously terrible time to find money.

To boot, says Feingold, "we recently learned that our ability toraise bridge capital (from existing investors) was diminished, andthat it is going to take quite a while to raise additional capital.In light of that, we had to make the hard decision of letting asignificant number of people go."

Still, says Feingold, the company is looking forward, and stillhas a lot of things going for it. The company's current operatingcash is coming from previous bridge-round support from currentinvestment partners, according to Feingold, who would notelaborate.